Key Highlights
- Steel market includes the production of crude steel in the stated country or region. Crude steel production refers to the production of the first solid steel products upon solidification of liquid steel. It includes ingots (in conventional mills) and semis (in modern mills with continuous casting facilities). Crude steel also includes liquid steel, which goes into the production of steel castings.
- The UK steel market recorded revenues of $3.7 billion in 2024, representing a negative compound annual growth rate (CAGR) of 3.1% between 2019 and 2024.
- Market production volumes declined with a negative CAGR of 11.1% between 2019 and 2024, reaching a total of 4.0 million tonnes in 2024.
- The UK accounted for a share of 2.0% of the European steel market in 2024.
Scope
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the steel market in the United Kingdom
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the steel market in the United Kingdom
- Leading company profiles reveal details of key steel market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the United Kingdom steel market with five year forecasts
Reasons to Buy
- What was the size of the United Kingdom steel market by value in 2024?
- What will be the size of the United Kingdom steel market in 2029?
- What factors are affecting the strength of competition in the United Kingdom steel market?
- How has the market performed over the last five years?
- How large is the United Kingdom’s steel market in relation to its regional counterparts?
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Liberty Steel Group
- British Steel Ltd
- Tata Steel Europe Ltd
- Grupo Celsa

